The largest pay TV firm in Africa, MultiChoice Group, announced on Thursday that its subsidiaries had settled with Nigerian tax authorities and agreed to pay around $37.3 million in taxes overall.
In 2022, MultiChoice Nigeria’s accounts were frozen by Nigeria’s Federal Inland Revenue Service (FIRS), which also served MultiChoice Group with a $342 million value-added tax claim and a 1.8 trillion naira ($1.27 billion) tax claim for its Nigerian company.
Laptops 1000In a statement, the group claimed that the 35.4 billion naira in taxes that MultiChoice Nigeria and MultiChoice Africa Holdings are required to pay will be deducted from the security deposits and good faith payments that have already been made.
